JAKARTA (Yosefardi) – Energy and infrastructure company PT Dian Swastatika Sentosa Tbk (DSSA) and PT Sinar Mas Tunggal had in January 30, 2014 established new company, PT DSSE Energi Mas Utama with authorized capital of Rp1 trillion.
While the new entity has total issued and paid-up capital of Rp370.8 billion. DSSA controls 99% shares of DSSE Energi Mas Utama which will engage in trade, construction, industry, and service.
DSSA expects its revenue to grow by up to 30% to US$780 million this year, compared to US$600 million expected for last year.
The company however said coal prices might have not to recover this year, then the growth will be supported by energy and multimedia segments. Coal business now contributes 70% of DSSA’s revenue.
DSSA has also acquired 10% shares of PT Inti Bangun Sejahtera Tbk (IBST), tower operator.